Which of the following is the consumer price index used for?
A) to track changes in the level of wholesale prices in the economy
B) to monitor changes in the cost of living
C) to monitor changes in the level of real GDP
D) to track changes in the stock market

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is designed to measure changes in the cost of living for typical consumers. It tracks the prices of goods and services that households regularly purchase, such as food, housing, and energy. The CPI is not used to track changes in wholesale prices, real GDP, or the stock market.

Which of the Following Is the Consumer Price Index Used